Bitcoin Will Hit $125K If Donald Trump Wins, $75K In Case Of A Kamala Harris Victory: Standard Chartered
Portfolio Pulse from Murtuza Merchant
Standard Chartered predicts Bitcoin could reach $125K if Trump wins the 2024 election, or $75K under Kamala Harris. Regulatory progress and a steepening U.S. Treasury curve are seen as positive for Bitcoin. Bitcoin and Ethereum ETFs show mixed fund flows, with notable outflows from Ark & 21Shares and Grayscale, but inflows for Fidelity.
September 12, 2024 | 2:28 pm
News sentiment analysis
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NEGATIVE IMPACT
Ark & 21Shares' Bitcoin ETF experienced significant outflows of $54.03 million, indicating mixed market sentiment towards Bitcoin investments.
The significant outflow from Ark & 21Shares' Bitcoin ETF suggests investors are pulling back, possibly due to uncertainty in the crypto market or profit-taking. This could lead to short-term downward pressure on the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VanEck's Ethereum ETF saw $1.71 million in outflows, reflecting volatility and mixed sentiment in the Ethereum market.
The outflow from VanEck's Ethereum ETF suggests investors are cautious about Ethereum's short-term prospects, possibly due to market volatility or regulatory concerns.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Grayscale's Bitcoin Trust recorded a $4.59 million outflow, indicating a cautious stance among investors towards Bitcoin.
The outflow from Grayscale's Bitcoin Trust suggests investors are cautious, possibly due to market volatility or regulatory concerns, which could negatively impact the trust's short-term performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Fidelity's Bitcoin ETF bucked the trend with a $12.57 million inflow, showing investor confidence in its Bitcoin strategy.
The inflow into Fidelity's Bitcoin ETF indicates investor confidence in its strategy and potential for growth, which could lead to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Fidelity's Ethereum ETF reported a $1.17 million inflow, indicating investor interest and confidence in Ethereum's potential.
The inflow into Fidelity's Ethereum ETF suggests investor confidence in Ethereum's potential, which could lead to positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 55
RELEVANCE 65